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the findings from qe1 and think we will get the same effects. i think the environment is different. you cannot take all that evidence and a flight it. >> we will have the fed chairman remarks live on fox business at 12:30 p.m. there will be plenty of questions on inflation, economic conditions, when the fed starts pulling back on monetary policy, still many questions regarding qe3. connell: rich, thank you very much. all that uncertainty that surrounds our economy could be what leads us back into recession. brian was perry joins us now. he has been optimistic about the economy. >> i did not disagree with one word he just said to dagen and fewer viewers. he is absolutely right. the government is too big. we have all of these taxes to worry about if we do not cut spending. it has become the biggest financial institution in the world and that is why we are more worried today about uncertainty and what has happened is the risk reward ratio has changed for business. there is more risk and potentially a lot less rewards. businesses are holding back and that increases the odds of recession. the three
jobs in this environment. >> moderator: back to the taxes thing for a moment. romney: okay. >> moderator: mr. president? obama: we've had this discussion before. >> moderator: the idea that in order to reduce the deficit, there has to be revenue in addition to cuts. obama: now, governor romney has ruled out revenue. he's ruled out revenue. romney: absolutely. look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget, but the idea of taxing people more, putting more people out of work, you'll never get there. you never balance the budget by raising taxes. spain, spain spends 42% of their total economy on government. >> moderator: okay. romney: we're now spending 42% of our economy on government. i don't want to go down the path of spain. i want to go down the path of growth that puts americans to work with more money in because they're working. >> moderator: but, mr. president, you're saying in other words -- in order to get the job done, it's got to be balanced. obama: if we're serious, w
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